Charlton MA Real Estate Snapshot for 2011

By
Mortgage and Lending with Arc Home LLC NMLS #2136196

Charlton MA Real Estate Snapshot for 2011

 

How's the Market in Charlton, Massachusetts?  Well, as with many towns in central Massachusetts, Charlton saw a weakened real estate market for 2011.  The economy, plus several unusual storms in the area, had a large role to play.

The two charts below tell the story.  The number of homes sold in Charlton in 2011 was the lowest yet since the peak in 2005, and the average single family home price was back to 2002 prices.

 

 

charlton homes sold 2011
Data Source:  MLS PIN

charlton average home price
Data Source: MLS PIN

 

Current Market

There are currently 64 single family homes on the market in Charlton, MA.  Of those, six homes have accepted offers but are continuing to market for back-up offers.  There are also eight single family homes under contract.  Only three homes have been sold in 2012 so far.

Summary and Predictions

With 64 homes on the market, there is approximately one year's worth of housing inventory in Charlton, MA.  This is similar to other towns in the area.  For 2012, I predict a slow but steady rate of property sales as we work through one last big grouping of foreclosures.  Home prices may fall just a bit more but for the most part will be fairly stable.

For home sellers in Charlton, MA, this year will be the year to pull out all the stops.  There is tough competition with bank-owned bargain-basement properties, so individual home sellers will need to provide what the banks don't:  Clean, updated properties in move-in condition.  

For home buyers in Charlton, MA, there is opportunity to move into a growing town with fantastic schools.  Whether looking for an investment, or a place to settle down, buyers will continue to enjoy low prices and low interest rates.  However, a warning:  2012 is expected to be the year that investors make their moves.  If you plan to buy, do your research and make your move swiftly.

 

Would you like more information on buying or selling property in Charlton, Massachusetts?  Give me a call or send a text to (508) 982-0686.  I'd be happy to provide you with a free real estate consultation.


2011 Real Estate Reports in Nearby Towns

Holland MA

Sturbridge MA

 

Serving Buyers and Sellers in the Towns of South-Central Massachusetts,

Kathryn Acciari, REALTOR
RE/MAX Professional Associates - Sturbridge, MA
(508) 982-0686 cell   kathrynacciari@remax.net  email

 

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Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

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Kathryn Acciari, Mortgage Loan Originator
Cell: (508) 982-0686   
Email:
kacciari@archomeloans.com

Blog: Kathryn's Blog
Twitter: @kacciari

Comments (3)

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

Kathryn, Nice presentation of the Charlton MA real estate market. Not only do you provide eye candy with your graphs, you give all the important information to any consumer interested in the area...nicely done!

Feb 01, 2012 12:33 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Nice work keeping everyone posted on what is going on in the Charlton Real Estate market!

Feb 01, 2012 01:10 PM
Kathryn Acciari
Arc Home LLC - Shrewsbury, MA
Relationship Manager/Mortgage Loan Originator

Larry and Sheila:  Thank you for your positive comments.  I do feel it is important to prepare both buyers and sellers for what is happneing in the market.

Bill:  Hey, thanks for stopping by.  What is amazing is that these graphs are similar among all the towns where I practice real estate.

Feb 02, 2012 05:21 AM